Are you more optimistic about the construction sector? August 10, 2009 MARK HOWSON RBS“Morgan Sindall’s update has provided some good news in the shape of heightened enquiries in the fit out business going forward as the lack of readily available Grade A properties starts to see the fit out market perk up. Property agents will be wanting to tart up properties to achieve faster sales. But [...]
Are you more optimistic about the construction sector? August 10, 2009 MARK HOWSON RBS“Morgan Sindall’s update has provided some good news in the shape of heightened enquiries in the fit out business going forward as the lack of readily available Grade A properties starts to see the fit out market perk up. Property agents will be wanting to tart up properties to achieve faster sales. But [...]
UK house prices seen rising August 10, 2009 STRONG growth in buyer enquiries and price expectations improved to their highest level since April 2007, the Royal Institution of Chartered Surveyors (RICS) will reveal today. Their latest market survey showed that only 23 per cent of surveyors reported a fall in house prices over the last three months, taking the net balance to -9 [...]
UK house prices seen rising August 10, 2009 STRONG growth in buyer enquiries and price expectations improved to their highest level since April 2007, the Royal Institution of Chartered Surveyors (RICS) will reveal today. Their latest market survey showed that only 23 per cent of surveyors reported a fall in house prices over the last three months, taking the net balance to -9 [...]
BEST FOOT FORWARD August 9, 2009 KURT Geiger, the high street shoe store favoured by pop stars, yesterday revealed a 21 per cent rise in earnings over the past year to 31 January 2009. The group, in a filing to Companies House, said that like-for-like sales had grown by seven per cent, boosted by business expansion. Earnings before interest, taxation, depreciation [...]
RSA boosts dividend despite a massive drop in its profits August 6, 2009 RSA INSURANCE yesterday posted pre-tax profits down 24 per cent in the first half of the year, as it unveiled a seven per cent dividend hike that it said underlines its positive outlook. The general insurer, which operates the “More Than” brand in the UK, posted profits of £301m, compared to £395m made in the [...]
Bellway provides renewed optimism as it launches placing to buy new sites August 6, 2009 HOUSEBUILDER Bellway yesterday supported growing confidence in the housing sector by posting a positive trading update and announced a share placing that aims to raise over £40m to buy new land. The group yesterday said it placed 5.7m new shares, equivalent to around five per cent of its current issued capital, at 779p, a small [...]
Redevelopment makes Croydon a property hotspot August 6, 2009 WITH most parts of the country in the property doldrums at the moment, there are not too many places that look like clever investments. One that is bucking the trend is Croydon, which will be the next UK city to undergo a serious regeneration. There are plans to inject £3.5bn into the city over the [...]
Quantitative easing: time for a break August 5, 2009 IT IS A CASE of two steps forwards, one step backwards for the UK economy. Today’s good news was that house prices are stabilising, with a strong survey from the Halifax; we also had a great purchasing managers index for services, suggesting that crucial sector is growing once more. But there is also plenty of worrying [...]
A drop in stocks and a rise in QE will undermine sterling’s rally August 4, 2009 IN THE face of a ballooning fiscal deficit, quantitative easing and the deepest recession since the Second World War, sterling rose to a nine-month high against the dollar of $1.7005 in Asian trading yesterday morning. And against the euro, it is just shy of the June highs of €0.8426. It’s hard to believe that as [...]